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China Internet Investment Fund
The China Internet Investment Fund (CIIF; ), is a China Government Guidance Fund. The fund focuses on the internet sector including cybersecurity, artificial intelligence, big data, cloud computing and other services that are in line with national strategies and help develop the digital economy of China. Notable companies that the fund has golden share ownership in include ByteDance, Sina Corporation, SenseTime and Kuaishou. Background On 22 January 2017, CIIF was established as a 100 billion yuan fund by the Cyberspace Administration of China and Ministry of Finance to support investments in the internet sector. An initial 30 billion yuan funding came from firms including ICBC, China Mobile, China Unicom and CITIC Guoan Group. ICBC, China Development Bank and Agricultural Bank of China would provide financial services and a 150 billion yuan line of credit. The aim of the fund was to turn China into a major player in internet technology and to facilitate Premie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial And Commercial Bank Of China
Industrial and Commercial Bank of China Limited (ICBC; ) is a Chinese multinational bank. Founded as a limited company on 1 January 1984, ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China, the bank's Tier 1 capital in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history. Subsequently, ranked the largest bank in the world 2017 and 2018, by total assets, (31 December 2020, US$4.324 trillionFrancis Garrido & Saqib Chaudhry (2019) �The world's 100 largest banks published 5 April 2019 by S & P Global – accessed 8 February 2020), ICBC was positioned at 1st in The Bankers Top 1000 World Banks ranking, every year from 2012, and first (2019) on the Forbes Global 2000 list of the world's biggest public companies. Furthermore, ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes. It is consi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Information (website)
''The Information'', legally the Lessin Media Company, is an American technology industry-focused business publication headquartered in San Francisco. Founded in 2013 by journalist Jessica Lessin, the publication publishes content behind a paywall that allows subscribers access to the site and access to global networking events. Lessin has stated that she aims to "build the next ''Wall Street Journal'' over the next 50 years" with the publication. History and operations Jessica Lessin, a former reporter for ''The Wall Street Journal'', founded ''The Information'' as a subscription-based news website marketed to technology-sector executives in December 2013. Lessin later formed an advisory board which included venture capitalist John Doerr, ''Politico'' co-founder Jim VandeHei, and ''ProPublica'' executive chairman Paul Steiger. Lessin has stated that she wants ''The Information'' to eventually reach the point where it is spending more than either ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity International
''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP-GP nexus. Launched in December 2001, the title's website and printed magazines cover the people, funds, capital providers and financial trends shaping the private equity industry with an integrated team of specialist journalists and researchers in London, Hong Kong and New York. As demand for private equity in institutional portfolios continues to grow around the world, PEI aims to deliver private equity-focused professionals a comprehensive offering of proprietary data, authoritative analysis and context around industry issues and best practice. It is known for its annual ranking of the industry's largest private equity groups, the PEI 300, which measures firms by capital raised ("dry powder" in industry terms) over a 5-year period. ''Private Equity International'' is published by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded furthe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South China Morning Post
The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained Hong Kong's newspaper of record since British colonial rule. Editor-in-chief Tammy Tam succeeded Wang Xiangwei in 2016. The ''SCMP'' prints paper editions in Hong Kong and operates an digital media, online news website. The newspaper circulation, newspaper's circulation has been relatively stable for years—the average daily circulation stood at 100,000 in 2016. In a 2019 survey by the Chinese University of Hong Kong, the ''SCMP'' was regarded relatively as the most credible paid newspaper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune (magazine)
''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with '' Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by '' Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthusiastic about the idea – which Luce originally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet Plus
Internet Plus (), similar to Information Superhighway and Industry 4.0, is a concept and strategy proposed by China's prime minister Li Keqiang in his Government Work Report on March 5, 2015 so as to keep pace with the information trend. According to China's official website, "Internet plus" was on the list of significant economic keywords in 2015 and was one of the newest expressions of the two sessions ( National People's Congress of the People's Republic of China and Chinese People's Political Consultative Conference, ) of the year. Definition "Internet Plus" refers to the application of the internet and other information technology in conventional industries. It is an incomplete equation where various internets (mobile Internet, cloud networking, big data or Internet of Things) can be added to other fields, fostering new industries and business development in China. Background Domestic challenges China's economy's growing speed is declining due to the growing debt, declini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Li Keqiang
Li Keqiang (born 1 July 1955) is a Chinese politician who is the outgoing premier of China. An economist by profession, Li is head of China's executive branch as well as one of the leading figures behind China's Financial and Economic Affairs, Foreign Affairs, National Security and Deepening Reforms. He was also the second-ranked member of the Politburo Standing Committee of the Chinese Communist Party (CCP), the ''de facto'' top decision-making body of the country from 2012 to 2022. Li is a major part of the " fifth generation of Chinese leadership" along with Xi Jinping, the CCP general secretary. Li rose through the ranks through his involvement in the Communist Youth League. From 1998 to 2004, Li served as the governor of Henan and the province's party secretary. From 2004 to 2007 he served as the Party Secretary of Liaoning, the top political office in the province. From 2008 to 2013, Li served as the first-ranked vice premier under then-premier Wen Jiabao, overs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Line Of Credit
A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A line of credit takes several forms, such as an overdraft limit, demand loan, special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card account, etc. It is effectively a source of funds that can readily be tapped at the borrower's discretion. Interest is paid only on money actually withdrawn. Lines of credit can be secured by collateral, or may be unsecured. Lines of credit are often extended by banks, financial institutions and other licensed consumer lenders to creditworthy customers (though certain special-purpose lines of credit may not have creditworthiness requirements) to address fluctuating cash flow needs of the customer. The maximum amount of funds a customer is allowed to draw from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Bank Of China
Agricultural Bank of China (ABC), also known as AgBank, is one of the "Big Four" banks in China. It was founded on 10 July 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore. ABC has 320 million retail customers, corporate clients, and nearly 24,000 branches. It is China's third-largest lender by assets. ABC went public in mid-2010, fetching the world's biggest ever initial public offering (IPO) at the time, since overtaken by the Saudi Arabian state-run petroleum enterprise, Saudi Aramco. In 2011, it ranked eighth among the Top 1000 World Banks, by 2015, it ranked third in Forbes' 13th annual Global 2000 list and in 2017 it ranked fifth. It is considered a systemically important bank by the Financial Stability Board. History Since the establishment of the People's Republic of China in 1949, ABC has been formed and abolished several times. On ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Development Bank
The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government's economic development policies.CDB History Archived Debts issued by the China Development Bank are owned by local banks and treated as risk-free |
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